Homework: Branding & Competitive Strategies' Impact on Consumer Choice
Assume upper management of the organization is interested in understanding the impact its branding and competitive strategies have on consumer choice, as well as the impact of the bargaining power of consumers in the health care market, especially on your products and services.
Prepare a 1,050 words summary of branding and competitive strategies' impact on consumer choice and bargaining power on ECRHS.
Part A: Branding Strategy Impact
Analyze the impact that the current ECRHS brand has on consumer choice of its products and services. In your analysis, consider the following:
a. What is the current branding strategy of ECRHS?
b. How are the organization and its brand(s) perceived in the market?
c. Are there any negative impacts of legal cases against the organization within the community or its consumers? How might this impact their choice of a health care provider?
d. How have your acquisitions of other health care facilities impacted your brand image and hence consumer choice of your organization?
e. How has your handling of the COVID-19 pandemic impacted your brand image?
f. What impact do your branding strategies have on consumer choice and bargaining power?
Part B: Competitive Strategies Impact
Analyze the impact that the current ECRHS competitors have on consumer choice of its products and services. In your analysis, consider the following:
a. Who are?the 3 largest competitors, and how do their offerings differ from those of ECRHS?
b. What share of the market do the competitors hold?
c. What are the threats of new entrants to the market and the organization?
d. What is the threat of competitive/substitute products/services to the organization?
e. What is the bargaining power of customers in the market?
f. How does this bargaining power impact consumer choice in the market and for ECRHS?
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.